This is a small community in a single neighborhood.
As throughout the site, some neighborhood-level data are reserved for subscribers.
What do we mean by a neighborhood?
Ä¢¹½ÊÓƵ® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. Ä¢¹½ÊÓƵ contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Lake City is a very small town located in the state of Tennessee. With a population of 4,740 people and just one neighborhood, Lake City is the 125th largest community in Tennessee.
Occupations and Workforce
When you are in Lake City, you'll notice that it is more blue-collar than most other communities in America. 41.16% of Lake City’s employed work in blue-collar jobs, while America averages only 27.7% that do. Overall, Lake City is a town of sales and office workers, professionals, and service providers. There are especially a lot of people living in Lake City who work in sales jobs (13.45%), healthcare (11.16%), and healthcare suport services (6.93%).
Setting & Lifestyle
In Lake City, however, the average commute to work is quite long. On average, people spend 32.59 minutes each day getting to work, which is significantly higher than the national average.
As is often the case in a small town, Lake City doesn't have a public transportation system that people use for their commute.
Demographics
The rate of college-level education in Lake City is quite a bit lower than the national average among all cities of 21.84%: just 11.02% of people here over 25 have a bachelor's degree or an advanced degree.
The per capita income in Lake City in 2022 was $29,080, which is middle income relative to Tennessee, and lower middle income relative to the rest of the US. This equates to an annual income of $116,320 for a family of four. However, Lake City contains both very wealthy and poor people as well.
The people who call Lake City home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake City residents report their race to be White, followed by Asian. Important ancestries of people in Lake City include German, Irish, English, Scottish, and Welsh.
The most common language spoken in Lake City is English. Other important languages spoken here include Spanish and Tagalog.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by Ä¢¹½ÊÓƵ's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
Occupations
Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the neighborhood truly stands out among U.S. neighborhoods. According to exclusive Ä¢¹½ÊÓƵ analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 97.0% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
Modes of Transportation
Our research reveals that 88.1% of commuters who live in the neighborhood get to work each day by driving alone in their automobiles, which is a higher proportion than 95.0% of U.S. neighborhoods.
Diversity
Did you know that the neighborhood has more Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have Welsh ancestry.
The Neighbors
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the neighborhood in Lake City are lower-middle income, making it a below average income neighborhood. Ä¢¹½ÊÓƵ's research shows that this neighborhood has an income lower than 81.7% of U.S. neighborhoods. With 32.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.4% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the neighborhood, 36.2% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.2%), and 13.5% in clerical, assistant, and tech support occupations.
Languages
The most common language spoken in the neighborhood is English, spoken by 96.6% of households. Some people also speak Italian (3.1%).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the neighborhood in Lake City, TN, residents most commonly identify their ethnicity or ancestry as German (12.6%). There are also a number of people of Irish ancestry (12.3%), and residents who report English roots (10.1%), and some of the residents are also of Scottish ancestry (3.6%), along with some Welsh ancestry residents (3.5%), among others.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 30 and 45 minutes commuting one-way to work (51.3% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (88.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
